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Yahsat secures first-ever Shariah compliant space insurance

Posted on 08 April 2010

From Albawaba.com: Al Yah Satellite Communications Company PrJsc (Yahsat) has successfully secured the first ever Shariah compliant space insurance policy.
The insurance solution, which was specifically developed to meet Yahsat’s needs, covers the launch and in-orbit operations of Y1A and Y1B, the Yahsat satellites scheduled to be launched in 2011………………………………………..Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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